posts by Anne Zavaglia - Beacon Hill Investment Advisory, LLC

The Paycheck Protection Program Flexibility Act passed the House on May 28, 2020. If enacted, the House bill will make a number of changes to the Paycheck Protection Program (PPP). Businesses that received a PPP Loan would have more time to use the funds, and a smaller percentage of the funds would need to be …

Businesses that had their operation partially or fully suspended due to government shutdown orders, or have had a 50% decline in gross receipts compared to same quarter in 2019, may be able to claim the Employee Retention Credit (ERC) under the CARES Act. The ERC encourages businesses to keep their employees on payroll. The refundable …

Additional Funding On April 24, 2020, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (PPP & HCE Act), which includes provisions for $310 billion of additional funding to restart the Paycheck Protection Program (PPP). The bill is the fourth passed to address the economic impact of Covid-19. In addition to the …

Relief may be available for employees impacted by Covid-19. The Coronavirus Aid, Relief, and Economic Security (CARES) Acti was signed into law on March 27, 2020. For a short period of time, the Act allows participants affected by the Coronavirus to access funds in their retirement plan accounts through special withdrawal and loan provisions. The …

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Title I of the CARES Act creates a $349 billion Paycheck Protection Program (PPP) through the Small Business Administration (SBA) who will make or guarantee loans of up to $10 million to eligible entities. Additionally the …